Daily Chemical News Recommendation (Aug 10, 2018)

Singapore — China's Ministry of Commerce announced a 25% duty hike on US-origin undenatured ethanol last Friday, in retaliation to US increasing import tariffs from 10% to 25% on around $200 billion worth of Chinese goods on August 1.

The higher import duties on undenatured ethanol, which already had a 40% tax, was part of a wider retaliation which included around 5,207 items from the US, that were subject to increased import duties ranging from 5% to 25%, the ministry said.

Beijing has yet to announce when the new tariffs will become effective. [More]